Ghana; Selected Issues

This Selected Issues paper on Ghana shows that as a small, open low-income economy, the country faces several major challenges in its conduct of disinflation policy. Ghana has historically experienced volatile and often high inflation rates. The paper also presents a model that recognizes difficulties being faced by Ghana, among them less-than-perfect credibility of announcements of inflation reduction and policymaker aversion both to movements of output from its potential level and to variability in the interest rate.

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Year of publication:	2008-10-09
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Inflation targeting \| Disinflation \| Private capital flows \| Capital account liberalization \| inflation \| monetary policy \| central bank \| inflation rate \| monetary fund \| real interest rate \| inflation target \| low inflation \| high inflation \| inflation equation \| rate of inflation \| price stability \| foreign exchange \| inflation rates \| monetary authorities \| expectations of inflation \| percent inflation \| inflationary consequences \| inflation objective \| increase in inflation \| price level \| real interest rates \| actual inflation \| tight monetary policies \| inflation-targeting \| effect of inflation \| national bank \| high ? inflation \| inflationary spiral \| nominal interest rate \| monetary conditions \| chronic inflation \| monetary policy regimes \| rational expectations \| inflationary pressures \| low ? inflation \| demand for money \| monetary policy framework \| rises in inflation \| monetary policies

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/332 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243488